July 9, 2014: A Citigroup logo is pictured from the floor of the New York Stock Exchange. (REUTERS/BRENDAN MCDERMID). Citigroup has reportedly agreed to pay $7 billion to settle a U.S.
HONG KONG: Hong Kong shares rose on Monday with China's three state-owned wireless carriers leading gains, while mainland markets were also stronger as auto stocks extended their advance on new policy support.
The dollar was a tad higher against the yen on Monday in Asia, with investors sitting on the sidelines ahead of key events such as Federal Reserve chief Janet Yellen's congressional testimony on monetary policy and the economy.
Shire has opened the door to a takeover by US pharmaceuticals rival AbbVie after saying it would be willing to recommend a �31bn proposal received at the weekend.
I'm going to make no apology for returning to the subject of central bankers that was addressed in this space by my colleague Paul Hodkinson last week.